Abra Review 2024: Institutional and Private Client Services

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Abra is a digital asset prime services and private wealth management platform. It no longer offers retail trading services to U.S. and U.K. users. Instead, Abra caters to institutional clients, offering asset management, lending services, and more with Abra Prime.

Business Insider’s personal finance team compared Abra to the best cryptocurrency exchanges and found its institutional and private client services standard for the industry. 

Introduction to Abra

After closing its retail trading platform to U.S. and U.K. investors, Abra Capital Management became a registered investment advisor (RIA) with the SEC. It offers institutional investment services like treasury management and OTC trading to private clients and institutions. 

Abra Prime and Abra Private offer a range of cryptocurrency investment solutions and wealth management for U.S.-based institutions and private clients, such as family offices, hedge funds, venture capital, crypto infrastructure firms, and trusts. Abra is fiduciary, which means the company must put the benefit of its clients first and foremost. 

The wealth management platform focuses primarily on digital asset exposure and wealth management powered through DeFi products. This includes staking and yield offerings for Bitcoin, Ethereum, and Solana. 

Abra is not ideal for individual retail crypto traders seeking broader market exposure through alternative investment options.

Abra: Overall Rating

How Abra Works

Abra Private

Abra Private Clients and Family Offices is a self-directed investing account with access to additional wealth services, such as 24/7 guidance from an expert wealth management team. Private account holders receive personalized crypto trading solutions with one-on-one meetings with a dedicated industry specialist. 

It also offers tailored solutions for borrowing, earning, and OTC trading options. Premium Private clients can unlock competitive fees and rates with a fixed-term structure. 

You’ll meet with a dedicated account manager during onboarding to set your investment and wealth management goals. 

Abra Prime

Abra Prime is for institutional clients who want to gain cryptocurrency exposure, crypto funds, and financial services through Abra. This account offers various digital trading services, such as lending, asset management, pension plans, sovereign wealth funds, treasury, and custom quotes.

You’ll also get access to over 80 cryptocurrencies for trading and crypto-to-crypto and fiat-to-crypto pairs. You can increase market exposure and liquidity by building custom crypto and digital asset programs through Prime. Moreover, the corporate treasury feature comes with custom hedging, yield, and cash management strategies for your company.

Another perk of Abra Prime is that institutions can provide their clients with access to registered investment advisors (RIAs), as well as Abra’s suite of crypto-trading services for competitive fees, trading pairs, OTC solutions, and more. 

Abra now offers treasury services for businesses to hold Bitcoin as a reserve asset on their balance sheet. Abra Treasury services combine trading, custody, borrowing, and yield services. 

Abra Fees

Private accounts have no withdrawal fees, penalty fees, or origination fees. Rather, Abra Private operates on an open and fixed-term fee and rate pricing model. Abra Private has a high $500,000 minimum deposit to open an account. Accounts over $5 million get access to exclusive platinum services from Abra. 

You must contact Abra Prime Services to learn about Prime costs and fees. 

Pros and Cons Abra

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